Exemption of transport allowance
This query is : Resolved
16 April 2009
hello friends
My query is that suppose an employee gets 400 as transport allowance for 11 months and 1600 as transport allowance for 1 month then will 800 for one month be taxable or whole of transport allowance is exempt(400*11+1600*1-800*12) i.e nil taxable.
Please help.
My query is that suppose an employee gets 400 as transport allowance for 11 months and 1600 as transport allowance for 1 month then will 800 for one month be taxable or whole of transport allowance is exempt(400*11+1600*1-800*12) i.e nil taxable.
Please help.
16 April 2009
Rs. 800/- will be taxable.
16 April 2009
Rs. 800 for last month shall be taxable
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